Article category: Blog

Starting July 1, 2025, if you’ve got a tax debt with the ATO, and you’ve been managing to pay it off at a comfortable pace, you need to be aware that the debt could start feeling a lot like a high-interest credit card.  Why? Because you won’t be able to deduct the interest on overdue…

Are you thinking about starting your business as a sole trader in Australia? This straightforward and hassle-free structure is a popular choice among freelancers, small business owners, and entrepreneurs, offering full control over finances, decision-making, and tax management. Introducing Mr. Alex—a full-time employee in the IT sector who recently decided to quit his job to…

The biggest dilemma every business leader faces is, “Should you manage your own books or hire an expert to handle the chaos? While bookkeeping is a challenging activity, maintaining accurate records is essential for informed decision-making, financial success, and compliance with the latest tax regulations. You may choose to do your own bookkeeping to save…

Discover essential financial assistance in Western Australia to help you through challenging times and ease your worries. That’s why our friends at Revivie Financial have put together this comprehensive guide to free financial assistance in Western Australia available in 2025. Whether you’re struggling with mounting bills, unexpected expenses, or housing challenges, the financial assistance in…

Having an updated social media profile with your personal and career updates has got a lot more to do beyond the likes and shares you receive. Confused? What if we told you a single social media post about your recent purchases, vacation, or monetary achievement can trigger a tax audit and inspection by the Australian…

The Australian Taxation Office (ATO) has intensified its focus on small business tax compliance, ensuring that businesses meet their tax obligations accurately and on time. With the ATO leveraging advanced data-matching technology, artificial intelligence, and real-time reporting, small business owners can no longer afford to make tax mistakes without facing potential audits, penalties, or even legal…